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On Wednesday, the Naira weakened in the official market, trading at N1,681.65 per dollar.
According to data from the FMDQ Exchange’s trading platform, which manages the Nigerian Autonomous Foreign Exchange Market (NAFEM), the Naira depreciated by N10.33.
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This drop reflects a 0.61 percent decline from the previous trading day on Tuesday, when the exchange rate stood at N1,671.32 per dollar.
Additionally, daily turnover decreased to $196.78 million on Wednesday, down from $218.77 million recorded on Tuesday.
In the Investor’s and Exporter’s (I&E) window, the Naira traded within a range of N1,690.00 to N1,620.00 against the dollar.
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